Advisers are buying the Miton UK Value Opportunities fund, a year after Andrew Jackson replaced star manager duo George Hamilton and Georgina Godber.
The fund appeared in 7IM’s platform rankings for the highest selling funds, closed ended investment companies and ETFs.
The fund appeared alongside other UK equity funds, such as Jupiter UK Special Situations and Trojan Income, and the 7IM Balanced and Moderately Cautious funds.
Bonds, absolute return and Japanese equities also featured in the top 10.
7IM senior investment manager Damian Barry says it is interesting to see Miton UK Value Opportunities in the list and says Jackson has clearly impressed investors.
Since Jackson took over management of the fund in July 2016 it has returned 33.7 per cent compared to 16.8 per cent in the FTSE index.
Before the resignation of Hamilton and Godber in April last year, the fund had assets totalling £869m.
Despite recent adviser appetite for the fund indicated in the 7IM figures its assets today sit at £323.6m, according to FE data.
Barry adds: “The highest selling adviser fund purchases shows a move towards absolute return strategies, with advisers clearly focusing on portfolio diversification and capital preservation at a time when some may be mindful of stretched valuations.”
“But the selections also show a strong passive theme, with costs a key issue.”
Property featured strongly in the most bought investment trusts for Q2 with the Schroder Real Estate Investment trust, Standard Life Investment Property trust and several Reits featuring.
The 3I Infrastructure and F&C Private Equity trusts also show advisers picking investment trusts for illiquid asset classes.
ETF purchases were across asset classes from sector specialists to the major indices and included an iShares gold ETC.